Trader Says One Ethereum-Based Altcoin Set to Rapidly 2x in Price, Leaving Most Sidelined – Here’s His Forecast
A broadly adopted crypto analyst is predicting that one Ethereum (ETH)-based altcoin will instantly go on a parabolic rally.
In a brand new thread, pseudonymous crypto dealer Credible tells his 409,300 followers on the social media platform X that the native asset for the stablecoin-focused decentralized change Curve DAO (CRV) may quickly double in worth, catching traders unexpectedly.
“CRV will quickly reprice 2x higher, leaving most investors sidelined in everything else.”
On the time of his prediction, CRV was buying and selling for round $0.25. At time of writing, CRV is buying and selling for $0.30, up 19.6% in the final 24 hours.
Credible says the newest worth motion is confirming his outlook.
“CRV is knocking at $0.30, you love to see it. $0.40-plus next.”
The analyst additionally believes CRV may outperform Solana (SOL) and has the potential to reclaim its prior all-time excessive (ATH).
“You assume SOL will go to $1,000? Even when it does, congrats, that’s a 7x.
CRV will likely be 30x at prior ATH, above that you simply’re hitting 40x, 50x, and many others. You need the potential 7x or the potential 50x? The one distinction between the 2 is persistence.”
Taking a look at Bitcoin, the analyst suggests that (BTC) is heading into the low $60,000 vary based on the developments in open curiosity (OI), which tracks the whole variety of excellent derivatives contracts for a given asset.
“A number of individuals watching the inexperienced lengthy zone between $54,500-$56,500 as we’ve native demand there and equal, untapped lows. That being mentioned warmth maps are displaying stacked bids proper above that area entrance operating the ‘ideal’ lengthy zone. OI has additionally been utterly reset once more on this little transfer down. Wouldn’t shock me if we front-run the $54,500-$56,500 zone and reverse earlier than that…
Wanting good thus far, I believe we most likely head for our highs at $62,800 subsequent.”
Bitcoin is buying and selling for $59,792 at time of writing, down barely in the final 24 hours.
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Featured Picture: Shutterstock/TadashiArt
